Startups move faster and with less constraints than large companies, launching many simultaneous experiments, new demographic segments and non-traditional marketing tactics. Startup founders are also aware that their initial ideas are meant to pivot to survive and gain traction, and that many of their experiments will fail. Iterating again and again is the only way for them to find a path to success.
Hence, startups are a great medium to assimilate new mindsets and methodologies quickly into our current work practices.
That’s why M1 decided to take the lead on innovative practices, in collaboration with the entrepreneurs at Startup-O, by creating a program immersing its internal creative leaders into some of the most promising startups in Singapore.
Our pilot will focus on solutions for the digital marketing team, before hopefully spreading to the rest of the organisation (and most likely all of Singapore). Stay tuned!
1. Startup-O engage the M1 leadership to understand the high level business challenges
2. Startup-O runs a workshop with Segment manager to extract tangible insights from business challenges, consolidate and organise the data and reframe the insights into problem statements, validated by M1 Leadership
3. Startup-O sources and assess startups against validated problem statements
4. M1 Leadership provides Startup-O with the list of champions participating to the program and validate the list of startups to be invited to the immersion program.
5. M1 engage and select within the validated startups those who will participate to the program. Startup-O and M1 match startups with champions.
1. Champions are formally briefed by Startup-O with an emphasis on the benefits of this program for them, the fantastic and unique learning experience it represents for their career, while also the experimental aspect of it, making it impossible to fail for the champions. Champions are presented with the curriculum and weekly program, reporting platform, detail of the desired outputs and the startup they have been assigned. They are also invited to do some light research on their startup.
2. Kick off sprint – During a session run at M1 and facilitated by Startup-O, champions & startups dive into each other’s realities and define the job to be done together. Champion identifies relevant experts within M1.
Champions & startups dive into each other’s realities and define the job to be done together (problem definition).Startups deepdive in M1 world, infrastructure & framework of M1, assess the current state and their capacity to deliver.
Discovery & Assessment | Template 1 (Corporate)
Understanding of the M1 Context- Discovery of systematic approach to problem solving (for the champions takeaways)
Building a vision- Articulating the context and challenges clearly to external stakeholders
Deliverables:
Moonshot Vision- KPIs- Internal Experts/stakeholders needed
Champions deep dive into the startup solution, review use cases and explore the product vision. They assess the solution’s potential vs M1 needs.
Discovery & Assessment Template 2 (Startup)
Startup assessment
Assessing the potential of a startup VS defined challenge
Summary of key aspects of the startup: solution, benefits, tech & execution
Startups & champions prototype a solution and refine the list of M1 stakeholders & experts needed to build it. Champions secure their presence (remotely) for Week 4.
Prototyping Guide
First raw solution prototype (paper/wireframe/workflow)
Design a low fidelity prototype (paper sketch or wireframe)- Build an idea around user need and value proposition
Low fidelity prototype- Idea summary
Startups and champions present their prototype to internal stakeholders and experts to test assumptions, uncover insights and collect input. They refine their prototype upon inputs (guided)
Digital interviews of internal stakeholders + Feedback collection guide
Internal inputs to improve the ideas- Internal buy-in
Collect feedback to iterate and mature an idea
Inputs from internal experts & stakeholders to improve relevance of the idea
Iteration – Proof of concept
V2 of prototype(Optional) – Proof of concept
Improve prototype from feedback- Understand how to develop “Proofs of Concepts”
Reviewed idea resume & prototype (V2)- tangible validations of the idea relevance (PoC)
Startups & champions pitch M1 leadership together. The relevant solutions are selected for a test with precise KPIs & timeline.
Leadership pre-briefing. – Session facilitated by Startup-O
List of PoC to be launched
Pitching like a startup
Pitches- Final prototypes- Proofs of concepts- Solutions selected for live testing
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Sketching – Google for Startups